MN HF3118

Excludes $150,000 of market value from property taxes for veterans with service-connected disabilities of 70 percent or more, or $300,000 for veterans with 100 percent permanent disabilities.

Requires veterans to have been honorably discharged from U.S. armed forces and have disabilities certified by the Department of Veterans Affairs.

Extends the $300,000 exclusion to surviving spouses of disabled veterans for eight additional tax years after the veteran's death, or until the spouse remarries or sells the property.

Provides the exclusion to spouses of service members who die from service-connected causes during active duty for eight tax years under the same conditions.

Allows disabled veterans without Minnesota homestead property to transfer their exclusion benefit to their primary family caregiver's homestead; for agricultural properties, only the house, garage, and one surrounding acre qualify.